Respuesta :
The answer is negotiable certificates of deposit.
Negotiable certificates of deposit trade with accrued interest. They are CDs with a minimum face value of $100,000. They are guaranteed by banks, cannot be redeemed before their maturity date, and can usually be sold in highly liquid secondary markets. The US Along with Treasury bills, they are considered a low-risk, low-interest security.
Negotiable certificates of deposit (NCDs) are short-term, with maturities ranging from two weeks to one year. Interest is usually paid biannually or at maturity, or the instrument is purchased at a discount to its face value. Interest rates are negotiable, and yields from NCDs depend on money market conditions.
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